The Biden Administration has brought back Carole House as its Crypto Policy Adviser, indicating a renewed focus on cryptocurrency policy. House previously played a crucial role in advising President Joe Biden on his 2022 executive order relating to cryptocurrencies. In a post on LinkedIn on June 24, House expressed her honor and excitement at returning to the Biden Administration as the Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.
House had previously served under Biden from 2021 to 2022 as the Director of Digital Innovation on the National Security Council and was also a member of the Virtual Currency Advisory Board at the New York State Department of Financial Services. She is also part of The Digital Dollar Project’s advisory board, a non-profit organization focused on enhancing the readiness of the US economy for a Central Bank Digital Currency (CBDC). House’s return to the White House is seen as a sign of the administration’s renewed interest in creating regulations for cryptocurrencies.
However, House has recently expressed concerns about the administration’s delays in establishing a regulatory framework for US cryptocurrency firms, particularly in regards to clear guidelines for registration in the sector. Her appointment comes at a time of increased scrutiny of Biden’s crypto policies leading up to the 2024 US presidential election, with senior Democratic senators recently criticizing the SEC’s handling of cryptocurrency, a resolution that was subsequently vetoed by Biden.
As the election approaches, there has been tension between Biden and his likely opponent, Donald Trump, over their support for cryptocurrency. While Trump and other Republicans have expressed strong support for the industry, it was reported that Biden’s campaign is considering cryptocurrency donations as a way to signal a more supportive stance toward the sector. This shows that cryptocurrency is likely to be a significant issue in the upcoming election.
